FINANCIAL_SERVICESAPPROVED

Seneca County Board of Supervisors Resolution Authorizing Start-up Funding Support for the Seneca County Water and Sewer Authority 2026-06-04

Start-Up Funding Approved for Water and Sewer Authority

$215,875 (FY2026), $443,241 (FY2027), $456,080 (FY2028), $470,485 (FY2029), $486,713 (FY2030); $2,000,000 loan at 0% interestSeneca CountySENECA COUNTY WATER AND SEWER AUTHORITYJune 4, 2026

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Description

Seneca County Board of Supervisors approved an intermunicipal agreement providing five years of start-up grant funding and a $2 million interest-free loan to the Seneca County Water and Sewer Authority. Funding supports initial operations, with loan repayment deferred until financial stability is demonstrated.

Contract Details

Contract Amount

$215,875 (FY2026), $443,241 (FY2027), $456,080 (FY2028), $470,485 (FY2029), $486,713 (FY2030); $2,000,000 loan at 0% interest

Vendor

SENECA COUNTY WATER AND SEWER AUTHORITY

Agency

Seneca County, NY

Contract Type

FINANCIAL_SERVICES

Document Date

June 4, 2026

Contract Term

Five-year grant allocation (2026-2030); loan repaid over 10 years after 3 consecutive positive operational years

Renewal Date

2035-12-31

Renewal Info

Grant allocation for five years (2026-2030); $2M loan at zero percent interest, repayable over 10 years after three consecutive fiscal years of positive cash flow as verified by external audits.

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